International

Brazil presidential battle enters home stretch with Lula in the lead

AFP | Mariëtte Le Roux

Brazil’s deeply polarized election campaign entered the home stretch Thursday with incumbent President Jair Bolsonaro and leftist rival Luiz Inacio Lula da Silva preparing to square off in what could be a bellicose final debate.

The confrontation will happen in a late-night, live broadcast on TV Globo just hours after a fresh opinion poll signaled a persistent strong lead for Lula ahead of Sunday’s first election round.

Far-right Bolsonaro, 67, is seeking reelection after a controversial first term, but lags behind ex-president Lula, 76, who left office in 2010 with an unprecedented 87-percent approval rating.

On Thursday, a poll by Datafolha showed Lula maintaining a 14-point lead over Bolsonaro with the stated support of 50 percent of respondents who said they intended to cast a valid ballot and not a blank or spoiled one.

To avoid a runoff round on October 30 and win outright on Sunday, a candidate must garner 50 percent of valid votes, plus one.

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Bolsonaro’s stated support remained in a distant second place with 36 percent, Datafolha found.

The incumbent is counting on his evangelical and business-centric support base, while Lula — who served two consecutive terms from 2003 — is appealing to poor, minority and anti-Bolsonaro voters.

Thursday’s TV Globo debate, traditionally the most-watched pre-electoral program in Brazil, will be the last chance for candidates to sway undecided voters, who, polls suggest, number just 13 percent of the electorate.

‘Can change the picture’

Bolsonaro’s camp expect him to adopt an aggressive stance towards Lula in Thursday’s final debate, focusing on the corruption scandals that have damaged the leftist Worker’s Party, and pressing home his conservative values on issues of religion and abortion.

The pair will be joined on stage by five other candidates with no statistical shot at making it to the final two.

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“This is the debate that can change the picture,” a Bolsonaro campaign member told AFP on condition of anonymity.

After the first debate, a month ago, Lula was criticized for seemingly evading the corruption question. His campaign was further harmed by not taking part in another debate, last Saturday, between Bolsonaro and other candidates.

Lula has urged Brazilians loyal to any of the minority candidates — all with less than 10 percent of voter intention — to rather cast a “useful” vote for him, and against Bolsonaro.

The president got a celebrity boost Thursday for his re-election bid from football superstar Neymar, who posted a video on TikTok of himself dancing to a pro-Bolsonaro campaign song.

Grinning, the Paris Saint-Germain and Brazil striker, arguably Brazil’s most famous celebrity, flashed the number 22 — Bolsonaro’s candidate number — with his fingers as he rocked out to the electronic dance jingle.

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The broadcast election campaign in Brazil ends at midnight on Thursday, although in-person events and distribution of election material will be allowed until Saturday night.

Datafolha will bring out another, final poll on Saturday, the eve of the first round, that could indicate whether Thursday’s debate has swayed any voters.

Bolsonaro has repeatedly rejected the accuracy of polls and hinted he would challenge any result in which Lula is the winner, saying last weekend: “We are the majority. We will win in the first round.”

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.